Business

Doré Copper reports higher grade copper results from the 2021 drilling program at the Canadian Business Journal’s flagship Corner Bay Copper Gold Project.

Toronto, March 10, 2022 (GLOBE NEWSWIRE) — Doré Copper Mining Corp. (“Ltd” Also “Drecopper“) (TSXV: DCMC; OTCQX: DRCMF; FRA: DCM) is an additional high-grade from the remaining holes in the 2021 drilling campaign at the flagship Corner Bay Property at the Chibougamau Mine Camp, about 40 km by road. Announced copper results from Chibougamau, Quebec.

The 2021 drilling program totaled 41,063 meters with 43 holes (including wedge holes). Doré Copper today reports results from five of the remaining six holes in the program, further confirming the increase in deposits. These latest results are included in Cornerbay’s updated mineral resource estimates for a preliminary economic assessment (“PEA”) expected at the end of the first quarter of 2022.

Highlights of high-grade drilling

Main vein on the embankment (Figure 1)

  • 6.2 meters 5.77% Cu, 0.51 g / t Au, 32.2 g / t Ag, and 1,373 ppm Mo (Hole CB-21-50)
  • 2.1 meters 8.85% Cu, 0.16 g / t Au, 52.1 g / t Ag (hole CB-21-58)
  • 3.7 meters 8.61% Cu, 0.16 g / t Au, 56.5 g / t Ag (hole CB-21-60)

Ernest Mast, President and Chief Executive Officer of Dre Copper, commented:Currently, there are seven holes at the southern end of the upper part of the main vane, with an impressive high-grade copper intercept that exceeds about 3% of the average copper grade of the deposit. Four of the seven holes are analyzing over 8% copper. This very high quality zone is currently about 250 meters long and 250 meters vertically and remains plunging. The addition of this zone and the recently announced zone connecting the main vane under the embankment to the lower deep lens is expected to add at least 1 million tonnes to the current high-grade mineral resources. The 45,000-meter 2022 infill drilling program at Corner Bay is underway on three rigs and focuses on upgrading estimated resources to directed resources for feasibility studies initiated after the completion of the PEA. I’m guessing. “

Corner bay drilling program

In the main vane above the embankment, today’s results (see highlights above) and previously announced 3.9 meters 8.03% Cu, 0.86 g / t Au, 42.1 g / t Ag, and 1,109 ppm Mo (Hole CB-21-55); 4.2 meters 6.18% Cu, 0.12 g / t Au, and 26.6 g / t Ag (Hole CB-21-57); 3.7 meters 9.41% Cu, 2.84 g / t Au, 36.5 g / t Ag, and 890 ppm Mo (Hole CB-21-52); Also, 2.0 m 3.34% Cu and 15.6 g / t Ag (Hole CB-21-53) are very high with a strike length of about 250 m and a vertical depth of 250 m. We have defined grade copper zones (Figure 1 and Table 1). This high-grade zone overlaps the top of the main vane under the embankment and is still plunging.

Two holes (CB-21-59 and 61) were excavated approximately 500-600 meters west of Corner Bay Mainbane and did not intersect significant mineralization. Analysis of hole CB-21-48, the deepest hole targeting the main vane under the embankment, is pending. The hole crossed about 60% chalcopyrite over a meter.

The 2021 drilling program continued to expand the copper-gold mining activity of the corner bays in three areas of the deposit (Figure 2), with a total strike length of over 1,100 meters.

Figure 1. A long cross section of the corner bay main vane on the embankment.
https://www.globenewswire.com/NewsRoom/AttachmentNg/7d1d3b49-244f-4eb8-b97b-3546e2427b03

Figure 2. Isometric view of the entire Cornerbay deposit showing the enlarged area from the drill results received after the MRE in October 2021. The diorite embankment bisects the sediment – ​​the upper part of the embankment and the main vane in the east and the lower part of the embankment and the main vane in the west.
https://www.globenewswire.com/NewsRoom/AttachmentNg/ec4b27fb-b24c-453d-969b-365d243d4877

Table 1.2021 Corner Bay Drill Assay Highlights from Drill Program

hole from
(M)
To
(M)
width1
(M)
Cu
(%)
Au
(G / t)
Ag.
(G / t)
Mo
(Ppm)
zone
CB-21-48 Pending assay Main vein under the embankment
CB-21-50 667.3 673.5 6.2 6.2 5.77 0.51 32.2 1,373 Main vein on the embankment
CB-21-58 823.9 826.0 2.1 2.1 8.85 0.16 52.1 188 Main vein on the embankment
CB-21-59 No significant mineralization Outside the deposit
CB-21-60 759.5 763.2 3.7 3.7 8.61 0.16 56.5 141 Main vein on the embankment
CB-21-61 No significant mineralization Outside the deposit
  1. The actual width of the intersecting structures is estimated to be about 55-60% of the downhole width.

Corner bay deposit

Mineral resource estimates for October 6, 2021 indicate that the Cornerbay deposit contains 2.66 Mt of labeled resources at 2.68% Cu, 0.26 g / t Au, 4.54 containing 157 million pounds of copper and 22,000 ounces of gold. Contains estimated resources for Mt. Includes 320 million pounds of copper and 39,000 ounces of gold at 3.20% Cu and 0.27 g / t Au, based on a 1.3% Cu cutoff grade and a copper price of $ 3.75 per pound (see). Technical report dated November 10, 2021).2..

The Cornerbay deposit is hosted by the intrusive rock dre complex on the south side of the Chibougamomo anticline. The diorite embankment north-northeast of the area also cuts out the area. Several important shear bands have been identified in this area, directed north-south and northwest-southeast. The corner bay area is characterized by copper porphyry-style mineralization and copper mineralization in the shear bands commonly associated with embankments associated with Chibouga mapleton.

Drilling and quality control

We use Miikan Drilling as a drilling contractor. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., Ouje-Bougoumou’s First Nations community and Mistissini’s First Nations community, both located in the Eeyou Istchee region.

Sample preparation and analysis took place at AGAT Laboratories in Mississauga, Ontario. Samples were weighed, dried, ground to 75% through 2 mm, split into 250 g and ground to 85% through 75 microns. Next, a sample Au (50 g) fire assay and a 43 element tetraacid digest ICP-OES finish were performed.

QA / QC is done in-house by Doré Copper Geologists under the supervision of the Exploration Manager. Check samples inserted in the sample batch (blank and standard – 4% of total sample, 2% more core duplication) are validated against the certification value and pass if within 3 standard deviations of the certification value. Is considered. .. Duplications are evaluated mutually to determine the distribution of mineralization (nuggets). If there is a large discrepancy in the check sample, you will be asked to reanalyze the entire batch.

Andrey Rinta, P. Geo, Exploration Manager, Inc. and a “qualified person” in the sense of National Instrument 43-101. Has reviewed and approved the technical information contained in this news release.

About Doré Copper Mining Corp

Doré Copper Mining Corp. By implementing a hub-and-spoke operating model with multiple high-grade copper-gold assets to supply 2,700 tons of centralized copper, Quebec’s next copper with an initial production target equivalent to +50 Mlbs of copper per year. I aim to be a producer. Mill per day. Kosha will provide PEA at the end of the first quarter of 2022, after which it will begin a feasibility study to approve the application.

Kosha has integrated a large land package into the abundant Luckdre / Chibou Gamo and Joman mining camps, which produced 1.6 billion pounds of copper and 4.4 million ounces of gold.1.. The land package contains 13 former production mines, deposits and resource target areas within a 60km radius of Corporation’s Copper Land Mill.

For more information, please contact:

visit: www.dorecopper.com
Facebook: Dre copper mining
LinkedIn: Doré Copper Mining Corp.
twitter: @DoreCopper
Instagram: @DoreCopperMining

  1. Historical production sources: Economic Geology, v. 107, pp. 963–989 – Structural and stratigraphic control of magma, volcanic, and shear band-hosted mineralization in the Chapais-Chibougamau mine camp in Abitibi, Canada. (Lac Dore / Chibougamau Mining Camp) and Geologica Group e-Conseil Inc of Jessie Ressources Inc. (Joe Mann mine). NI43-101 Technical Report on JoeMann Properties dated 11 January 2016 by.
  2. The Technical Report on Corner Bay-Devlin Properties in Northwest Quebec, Canada, dated November 10, 2021, was produced by Luke Evans, M.Sc., P.Eng. And SLR Consulting (Canada) Ltd. Marie-Christine Gosselin, B.Sc., P.Geo. Are both “independently qualified” as defined in NI 43-101.

Precautions regarding forward-looking statements
This news release contains certain “forward-looking statements” under the applicable Canadian securities law. Forward-looking statements include forecasts, forecasts, and forecasts, and often, but not always, “seek,” “expect,” “believe,” “plan,” and “estimate.” “Predict”, “Expect”, “May”, “Project”, “Goal”, “Schedule”, “Budget”, “Intention”, and event or result “May”, Expressions that “do”, “should”, “potentially”, or “potentially occur” or may be achieved, and other similar expressions, and their negatives. Expressions are also included. Specific forward-looking statements in this press release include, but are not limited to: to add At least 1 million tonnes for current high-grade mineral resources. The 2022 drilling program includes an infill drill of approximately 45,000 meters in Corner Bay. Aiming to become the next copper producer in Quebec, the initial production target is equivalent to +50 million pounds of copper per year. PEA at the end of the first quarter of 2022. Implementation of a hub-and-spoke operating model. Start a feasibility study and allow post-PEA applications.

All statements other than the historical facts contained in this release. This includes, but is not limited to, statements regarding the timing and capabilities of the required regulatory approvals, as well as statements regarding the planning, operation and outlook of the company and its assets. statement. Forward-looking statements are considered reasonable, but known and unknown risks and uncertainties that may cause actual results or future events to differ materially from those expressed or implied by such. It is inevitably based on many estimates and assumptions that are affected by gender and other factors. A description of the future outlook. These factors include actual exploration results, changes in project parameters as planning refines, future metal prices, availability of capital and financing under acceptable conditions, general economy, etc. Includes, but is not limited to, market or business conditions, uninsured risks, and regulations. Failure to receive changes, delays, or required regulatory approvals, health emergencies, pandemics, other investigations, or other risks detailed herein. We have sought to identify significant factors that may cause actual actions, events or outcomes to differ from those described in our forward-looking statements, but such actions, events or outcomes are significantly higher than expected. There may be other factors that cause different things. Actual results and future events may differ materially from those expected in such statements, and there is no guarantee that such statements will be accurate. Therefore, readers should not place undue reliance on forward-looking statements. We disclaim any intention or obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this news release.


CBJ News Maker

Doré Copper reports higher grade copper results from the 2021 drilling program at the Canadian Business Journal’s flagship Corner Bay Copper Gold Project.

Source link Doré Copper reports higher grade copper results from the 2021 drilling program at the Canadian Business Journal’s flagship Corner Bay Copper Gold Project.

Related Articles

Back to top button